Amount$262M
Post-money valuation$2.5B
SeriesSeries C
AnnouncedAug 17, 2022
SectorTelecommunications, Network, Cloud
Solid
A solid round with healthy fundamentals.
Round size vs peers
Far above the typical Series C round (5.8× the median) — an outlier.
Syndicate size
Healthy syndicate of 6 investors.
Insider conviction
4 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series C rounds (999)
Round size distribution96th pct
smaller Series C roundslarger
Post-money valuation90th pct
$29Mthis round: $2.5B$3B
vs. Telecommunications, Network, Cloud (4)
Round size in sector100th pct
$7Mthis round: $262M$262M
